gssbsecretariat@globalreporting.org

Item 04 – GRI Sector Standard
Project for Financial Services –Proposed members for Insurance
Technical Committee
For GSSB approval
Date6 July 2023

Meeting20 July 2023

ProjectSector Standard Project for Financial Services

Description

The Global Sustainability Standards Board (GSSB) has identified the GRI Sector
Standards for Financial Services as a priority project. The proposal was approvedin the GSSB meeting of February 2023. This paper presents the list of nominatedmembers of the insurance technical committee for information and approval by theGSSB.

This document has been prepared by the GRI Standards Division and is made available to observers
at meetings of the Global Sustainability Standards Board (GSSB). It does not represent an officialposition of the GSSB. Board positions are set out in the GRI Sustainability Reporting Standards. TheGSSB is the independent standard setting body of GRI. For more information visit
www.globalreporting.org.

© GRI 2023

Contents
1.

Background ...................................................................................................................................... 3

2.

Selection process and criteria .......................................................................................................... 33.

Proposed insurance technical committee composition .................................................................... 5Page 2 of 91

1. Background2

The GSSB approved the project proposal for the GRI Sector Standard Project for Financial Services

3

in its meeting on 16 February 2023. This project will see the development of three Sector Standards:

4banking, insurance, and capital markets. In line with the GSSB’s Due Process Protocol, the GSSB

5

confirmed its intention to form three multi-stakeholder technical committees to provide technical6

advice for developing the Sector Standards for banking, insurance, and capital markets. The three

7

technical committees will benefit from one another through the cross-sector exchange that will take8

place at various points throughout the project.

9

The GRI Standards Division prepared the Terms of Reference for the technical committees and

10provided these to the GSSB with the project proposal in February 2023.

11

This document presents the proposed insurance technical committee composition for information and12

approval by the GSSB. All the nominated members have confirmed their availability and interest in

13

participating in the technical committee. Nominations for the banking and capital markets technical

14

committees will be presented to the GSSB for consideration in the coming months.

15

2. Selection process and criteria

16In line with the due process protocol, technical committee (TC) members are appointed by the GSSB

17and should reflect a balance of multi-stakeholder constituencies. The TC will aim to have at least one

18

person drawn from each constituency on which the membership of the GSSB is based: business19

enterprise, civil society, investment institution, labor, and mediating institution.

20

The principal criteria for selecting TC members are relevant knowledge and experience relating to the21

insurance sector and its role in sustainable development. In addition, the Standard Division will also22

consider the following:

23

•

24

Adequate knowledge of all parts of the insurance sector: life, non-life, reinsurance, andinsurance intermediaries

25•

Expertise in sustainability reporting in the insurance sector

26•

Expert knowledge of the impacts of the insurance sector: economic, environmental, and27
28

socialThe proposed TC membership includes 13 members across the following constituencies:

29•

Business enterprise: five candidates

30•

Civil society: two candidates

31•

Investment institutions: two candidates

Page 3 of 932•

Mediating institutions: three candidates

33•

Labor: one candidate

34

Geographical distribution of membership, gender, and cultural diversity are also considerations. The

35

proposed TC composition has representation from the North American and European regions, as well36

as the African and Oceanian regions. Importantly, two nominees categorized under Europe represent

37

member-based organizations with global reach. Additionally, an North American nominee

38

representating investment institutions brings significant work experience in the financial sectors in39

Latin America. A North American nominee representing investment institutions also brings significant

40

Latin American financial sector experience.

41

In line with the due process protocol, the technical committee will report to the GSSB and seek

42

guidance and advice whenever required to advance the revision project or when they cannot reach a43

consensus. When the technical committee is satisfied with a proposed draft Sector Standard ready for

44

public consultation, the draft is presented to the GSSB for approval.

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gssbsecretariat@globalreporting.org

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3. Proposed insurance technical committee composition

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Table 1. Proposed insurance technical committee composition#TitleOrganization

Constituency

Region1CEOInternational
Cooperativeand Mutual
Insurance
Federation(ICMIF)

Business

EuropeExtract of background and experience••••2Group Head ofSustainability

QBE Insurance

BusinessOceania•••3

Director
Sustainability
Research andMeasurement

Liberty MutualBusiness

NorthAmerica•••

28 years at ICMIF, the insurance sector’s leading industry body for mutual andcooperative insurers.
Led the creation of the world’s first SDG measurement benchmark for insurers
titled the ‘ICMIF calibrated SDG Calculator’, together with Swiss Re and incollaboration with UNEP PSI.
Built the world’s first resiliency benchmark in partnership with the UNDRR titledthe ‘ICMIF/UNDRR Resiliency Benchmark’.
Sits on the B20 taskforce for ‘Financing for Global Economic Recovery’, on theClimate Bond Initiative Advisory Board, and is a founding member of theInsurance Development Fund (IDF) as well as Co-Chair of its Disaster RiskReduction (DRR) taskforce.
Insurance and reinsurance executive with 20+ years in the sector.
Has held a variety of roles in the insurance and reinsurance sector acrossactuarial, capital, reinsurance and sustainability areas.
Plays leading roles in industry groups including the Climate Change Action
Committee of the Insurance Council of Australia and the Australian Actuaries
Institute Climate and Sustainability working group.
15+ years at Liberty Mutual and manages the company’s annual sustainability
reporting, including their reporting on GRI, SASB and TCFD.
Supports research on industry trends informing sustainability strategy.
Tenure with Liberty Mutual has included roles in analytics, process
improvement and customer service.

This document has been prepared by the GRI Standards Division and is made available to observers at meetings of the Global Sustainability Standards
Board (GSSB). It does not represent an official position of the GSSB. Board positions are set out in the GRI Sustainability Reporting Standards. The GSSB isthe independent standard setting body of GRI. For more information visit www.globalreporting.org.

© GRI 2023

•4

Global HeadofSustainability
Risk

Gallagher Re

Business

NorthAmerica•
•••
•

5

Sustainability
Advisor

NN GroupBusinessEurope•••6TechnicalDirector

Center ofFinancialRegulation andInclusion(Cenfri)

Civil societyAfrica••••••Holds a MPA focused on Emergency Management and is nearly complete witha MS in Environmental Policy and Climate.
15 years+ in the (re)insurance industry
Leads the climate and ESG client proposition for Gallagher Re.
Played an instrumental role in establishing the new climate and ESG function
for the business, setting direction for developing and delivering advisory,analytics, and transactional offering.
Previously managed the International Catastrophe Analytics team at Willis Re,
including the model evaluation and model development teams.
Has served on various industry technical forums ranging from flood risk
management to open model implementation.
10+ years of experience spanning the banking, insurance and investment
sectors.
Current role is broad and includes work on sustainability regulations (SFDR andCSRD), leading NN Group’s non-financial ratings and indices submission(MSCI, Sustainalytics, DJSI and more), as well as the GRI content index for NN
Group’s Annual Report.
Holds a bachelor’s degree in Computer Science and an MBA from Erasmus
University with a specialization in finance.
Career began at Bank of America and has worked in Asia and Europe.
20 years of experience within the financial sectors.
Currently explores how to develop systems that foster inclusion with a focus onvulnerable groups such as women, migrants and rural people in developing
countries, particularly across Africa.
Currently leads Cenfri’s sustainability portfolio, including as member of the UNEP
PSI’s Africa chapter, the Microinsurance Network, the Insurance Development
Forum (IDF) and the steering committee of the Nairobi Declaration on
Sustainable Insurance (mandated to build awareness and capability with African
insurers to adopt and implement ESG strategies).
Has worked with public and private sector decision makers to adapt businessand governance models to deliver inclusive sustainable financial services to lowincome people, as well as developing financial inclusion strategies with a rangeof development partners such as the World Bank, ILO, UNCDF, GIZ and FCDO.
Previously worked at Deloitte and while there qualified as a Chartered
Accountant and Chartered Financial Analyst.

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Insurance
Campaigner

Reclaim
Finance

Civil societyEurope•••

8

Director andLead Analyst

S&P Global

Investment
institutionNorthAmerica••••••

9Head of Issuer
Relations

SIX SwissExchangeInvestment
institutionEurope•••

10Program
LeaderUN
Environment

MediatingEurope•

Holds a master’s degree in development finance from the University ofStellenbosch.
At Reclaim Finance, analyzes the climate commitments of major international
non-life (re)insurers and engages the industry in a real transition.
Works on the design of the methodology to analyze and rate the fossil fuelpolicies of the 30 (re)insurers rated in the Annual Insurance Scorecard report,
both on the underwriting and investment side, as part of the Insure Our Futurecoalition.
Previously worked as an ESG analyst in the investment team of Natixis
Assurances, a leading French life insurer, and developed tools for monitoring
green investments, analyzed investment files from an ESG perspective andmonitored the compliance of investments with the Natixis group's coal and oiland gas policy.
Holds a master’s degree in finance and risk management.
20+ years of financial industry experience and served as Chief of Staff at
Mexico’s social security agency for government employees, ISSSTE, overseeingsocial and economic benefits programs.
Currently leads a team of analysts to deliver sustainable finance opinions andassessments to corporate and financial sector clients across the Americas andis the Financial Services sector expert for the global practice.
Has also led regional teams and operations in EMEA (Paris) and Latin America(Mexico City), supporting the organization’s rapid global expansion.
Previously Director in S&P’s Financial Institutions ratings group in Latin America,
covering banks and insurance companies’ ratings.
Holds an Economic degree, a graduate degree in Risk Management and anMBA.
15 years in various positions in investor relations and sustainability teams oflisted companies.
Previously worked as Senior Manager of sustainability at the insurancecompany Swiss Life.
Holds a Bachelor of Arts in Business and a Master in Business Administration
and Business Psychology from Ferdinand Porsche FernFh Vienna.
In addition to leading PSI, also leads the work of the V20 Sustainable Insurance
Facility and Net-Zero Insurance Alliance which are convened through the PSI.

Page 7 of 9•Program’s
Principles for
Sustainable
Insurance
Initiative (PSI)
11Partner, Headof SustainableFinanceServicesEY•MediatingEurope••••12SeniorInsuranceAnalyst

South Africa
Reserve BankMediatingAfrica•••••13International
PolicyCoordinator

Italian GeneralConfederationof LaborLaborEurope••Leads activities supporting global policy frameworks such as the UN Sustainable
Development Goals, Paris Agreement on Climate Change, and Sendai
Framework for Disaster Risk Reduction, and disclosure frameworks such as theFinancial Stability Board’s climate risk disclosure recommendations.
Previously worked with leading insurers and reinsurers worldwide for over adecade.
20+ years of experience across assurance and consulting within the financeand insurance sectors.
Oversees the insurance and banking sectors at EY’s Cleantech andSustainability Services, to provide solutions and services to client regarding
all the sustainable topics.
Mostly involved in assignments related to environmental and social issues forthe financial industry; ESG reporting, Net Zero Strategies, climate risks andstranded assets, development of new products and services with ESG impacts.
Possesses deep knowledge of the European regulatory framework and ongoingchanges for banking and insurance activities (taxonomy regulation, disclosure
regulation SFDR, MIFID-IDD ESG, CSRD and ESRS) and the different ongoing consultations and provisions of European Supervisory Authorities (EBA,EIOPA and ESMA).
15 years in insurance, both in private and public (regulatory) sectors
Worked in the short-term insurance industry for 5 years involved in pricing,reserving and capital
Joined South Africa Reserve Bank in 2012, first in the Actuarial risk team andthereafter on finalizing the legislation that now forms part of the Insurance Act2007
Currently represents the Reserve Bank on the Sustainable Insurance Forum,
Climate Risk Steering Group, Macroprudential Monitoring Working Group of theInternational Association of Insurance Supervisors (IAIS)
Holds an Honours degree in Actuarial Science together with higher certificatesin Big Data and Leadership
15 years as a trade unionist in the finance sector, with different leading roles in
the labor movement. M
Recently acted as Vice President of UNI Finance, the global sector union
representing bank and insurance workers.

Page 8 of 9•••Represents UNI Finance in the European Sectoral Social Dialogue Committees
for the European Central Bank and the banking sector and is the financial expert
in European Projects, EWCs (European Work Councils) and trainings.
20 years’ experience in responsible and sustainable finance, with close
involvement in innovative projects with positive social impacts, with a focus ongender equality.
Holds a masters degree as a degree in Economics and Banking.

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